Deals Rumor Mill: Sinopec, AP Moller-Maersk, Tatts Group

By Benjamin Horney (December 14, 2016, 8:58 PM EST) -- State-owned oil giant China Petroleum & Chemical Corp., commonly known as Sinopec, is once again planning an initial public offering of its gas station and convenience store unit, The Wall Street Journal reported on Wednesday. According to the report, the IPO of Sinopec Marketing Co. could take place in Hong Kong and is expected to raise as much as $10 billion. The company was rumored to be preparing a public listing for Sinopec Marketing as far back as January of 2015. The unit boasts 30,000 gas stations and 23,000 convenience stores located across China....

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